NYSE$SPOT
Spotify Technologies SA · Q4 2026 earnings
Q4 2026 earnings · · Before market open · Investor relations
Briefing
Spotify reported Q4 2026 with $4.53B revenue.
For the period ended 2026-03-31, Spotify reported $4.53B revenue. Total revenue €4.53B (+8% YoY, +14% CC). Operating income €715M (15.8% margin). MAUs 761M (+12%); Premium subscribers 293M. Q2 2026 guide: €4.8B revenue, 33.1% gross margin, €630M operating income.
- Total revenue €4.53B (+8% YoY, +14% CC).
- Operating income €715M (15.8% margin).
- MAUs 761M (+12%); Premium subscribers 293M.
Headline financials
Revenue & EPS history
Spotify · Revenue · Quarterly
€4.53B
Forward guidance
Q2 2026 guide: €4.8B revenue, 33.1% gross margin, €630M operating income.
Tailwinds
- User and revenue acceleration.
- Record Q1 FCF €824M.
- Buybacks and debt retirement.
Headwinds
- Ad-supported revenue down 5% reported.
- FX headwind on Q2 guide.
- Social charges volatility.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2026
-0.8%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+0.7%
Avg return
30 days after
42%
14 / 33 earnings
Positive
+18.1%
Q4 2022
Best reaction
-21.5%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -12.4% | -11.0% | +4.0% | |
| Q1 2026 | -12.3% | -11.0% | +4.0% | |
| Q3 2025 | -2.1% | -4.2% | -12.9% | |
| Q2 2025 | -11.5% | -10.5% | -1.9% | |
| Q1 2025 | -3.5% | +7.7% | +6.5% | |
| Q4 2024 | +13.2% | +13.5% | -1.0% | |
| Q3 2024 | +13.9% | +11.7% | +17.0% | |
| Q2 2024 | +13.9% | +8.9% | +15.8% | |
| Q1 2024 | +3.3% | +6.4% | +10.4% | |
| Q4 2023 | +7.9% | +7.8% | +21.1% | |
| Q3 2023 | +4.7% | +3.1% | +17.2% | |
| Q2 2023 | -8.9% | -9.2% | -17.1% | |
| Q1 2023 | +1.3% | +1.6% | +12.3% | |
| Q4 2022 | +18.1% | +21.2% | +18.5% | |
| Q3 2022 | -10.8% | -11.9% | -17.3% | |
| Q2 2022 | +10.2% | +10.9% | +5.1% | |
| Q1 2022 | -7.0% | -1.4% | +2.3% | |
| Q4 2021 | -21.5% | -15.8% | -33.6% | |
| Q3 2021 | +14.6% | +19.3% | -0.5% | |
| Q2 2021 | -4.9% | -3.6% | -4.6% | |
| Q1 2021 | -10.5% | -15.4% | -17.5% | |
| Q4 2020 | -8.8% | -6.2% | -20.3% | |
| Q3 2020 | -13.1% | -14.3% | +0.5% | |
| Q2 2020 | -2.0% | -4.8% | +4.6% | |
| Q1 2020 | +8.4% | +4.0% | +29.4% | |
| Q4 2019 | +0.0% | -3.9% | -5.9% | |
| Q3 2019 | +12.7% | +21.7% | +18.4% | |
| Q2 2019 | +0.3% | -3.4% | -13.0% | |
| Q1 2019 | -1.8% | -1.5% | -9.1% | |
| Q4 2018 | -5.9% | -1.1% | +0.6% | |
| Q3 2018 | -7.1% | -4.7% | -8.9% | |
| Q2 2018 | -0.9% | -2.7% | +2.3% | |
| Q1 2018 | -2.7% | -9.0% | -3.4% | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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